An academic program-based financial model identifies what it truly costs to educate a student. Both revenue and expense are setup to follow the student and understand how costs vary for different types of students. This type of financial model allows decisions to be made with an understanding of the impact on specific degrees, programs, or departments instead of broad units or functions.
- Identify how costs of academic programs can be understood in relation to revenue
- Explain why academic program costs and contribution margins are important to institutions
- Review procedures when creating contribution margins
- Leah Lindstrom, Manager, Higher Education, CLA
- Frankie Rose, PhD, Vice President for Academic Administration, Union College